JPMorgan Chase CEO Jamie Dimon on Thursday praised President Donald Trump’s tariffs, calling them “more moderate and thoughtful” than he anticipated.

In addition to the trade levies, the banking executive gave Trump high marks on the One Big Beautiful Bill Act, passed earlier this month, during an interview on CNBC’s “Market Movers.”

“I think we have a tax bill that created a very stable tax environment, which is internationally competitive,” Dimon said. “So I think it’s really important that people should understand. If the United States has a noninternational competitive tax system, it will be bad for the people of the United States — and, believe it or not, particularly lower-income people. And that’s where people completely miss sometimes.”

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